New Delhi, Apr 28 (PTI) Renewable energy has come to the rescue during the ongoing power crisis triggered by surging demand amid the heat wave condition in the country, especially when the peak electricity supply hit the record level of 201.06 GW earlier this week, a senior official said on Thursday. The maximum pan-India power [...]
New Delhi, Apr 28 (PTI) Mahindra Electric Mobility Ltd, a part of the Mahindra Group, on Thursday reported an over three-fold jump in its electric three-wheeler sales at 16,862 units in 2021-22. The company had sold 5,376 units in the previous fiscal (2020-21). Citing Society of Indian Automobiles Manufacturers (SIAM) data, Mahindra Electric said it [...]
New Delhi, Apr 28(PTI) Observing that delay in adjudication of commercial disputes affects the ease of doing business, the Supreme Court Thursday ordered the Allahabad High Court Chief Justice to prepare a roadmap for early disposal of execution petitions under the Arbitration Act. A bench of Justices M R Shah and B V Nagarathna said [...]
Mumbai, Apr 28 (PTI) There should be no discrimination on the basis of religion or food habits while selling or renting out flats in Mumbai, Maharashtra Housing Minister Jitendra Awhad said here on Thursday.The NCP leader also noted that original inhabitants of the city were nonvegetarians.Awhad was speaking to reporters on the sidelines of an [...]
Mumbai, Apr 28 (PTI) National Bank for Agriculture and Rural Development (Nabard) on Thursday reported a 15.08 per cent growth in its balance sheet to Rs 7,57,246 crore in the fiscal ended March 2022.In fiscal 2021, its balance sheet stood at Rs 6,57,798 crore."Next year, we are targeting a balance sheet size of Rs 8.75 [...]
New Delhi, Apr 28 (PTI) Azure Power has inked an expression of interest (EoI) to develop 1,700 MW renewable energy projects entailing investment of Rs 13,300 crore in Karnataka. The company signed the EoI with the Karnataka government to develop solar, wind, and hybrid renewable energy projects aggregating to 1700 MW capacity, a company statement [...]
New Delhi, Apr 28 (PTI) ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants. The company has signed PPAs with Solar Energy Corporation of India (SECI) and Punjab State Power Corporation Ltd (PSPCL), as well as multiple long-term purchase [...]
New Delhi, Apr 28 (PTI) A Delhi court on Thursday reserved an order on the bail applications of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna and group operating officer (GOO) Anand Subramanian in the NSE co-location case. Special Judge Sanjeev Aggarwal heard the submission from the accused [...]
The initial public offer of athleisure footwear company Campus Activewear was subscribed 51.75 times on the last day of subscription on Thursday, mainly helped by strong interest from institutional buyers. According to the NSE data, the IPO (Initial Public Offer) got bids for 1,74,02,02,110 shares against 3,36,25,000 shares on offer. The portion meant for Qualified [...]
New Delhi, Apr 28 (PTI) India aims to create an innovation ecosystem through institutions like NITI Aayog's Atal Innovation Mission (AIM) by providing platforms and collaboration opportunities to different stakeholders, Union minister Jitendra Singh said on Thursday. Addressing an event here, Singh congratulated Atal Innovation Mission for facilitating a holistic approach to ensure creation of a problem-solving [...]
New Delhi, Apr 28 (PTI) Property tech startup TEAL on Thursday said it has raised nearly Rs 15 crore from investors, including Omidyar Network India, to expand business. The company announced closure of its pre-Series A round of USD 2 million (Rs 14.8 crore) led by Omidyar Network India, with participation from existing investor, Info [...]
New Delhi, Apr 28 (PTI) Singapore state investment firm Temasek Holdings has committed USD 162.5 million (Rs 1,245 crore) in three funds owned and managed by Info Edge (India) Ltd, which owns and operates job site Naukri.com and real estate broking platform 99acres.com. "MacRitchie Investments Pte Ltd, an indirect wholly-owned subsidiary of Temasek Holdings (Private) [...]
Bengaluru, Apr 28 (PTI) Ever since the Life Insurance Corporation (LIC) announced launching the initial public offering (IPO), 6.48 crore LIC policyholders have shown interest to get the much-touted share of the largest insurance company in the country, an official said. “The response to our IPO launch is wonderful. We have some figures: 6.48 crore [...]
New Delhi, Apr 28 (PTI) Stakeholders Empowerment Services (SES) on Thursday announced the inclusion of ESG performance metrics for the top 100 Indian companies on the Nasdaq data link platform, a global cloud-based technology platform that empowers all segments of the investing public with a comprehensive suite of core financial, fund and alternative data. For [...]
Angul, Apr 28 (PTI) Steel Minister Ram Chandra Prasad Singh on Thursday dedicated JSPL's 1.4 MTPA TMT rebar mill located at the steel unit here to the nation.The rebar mill is one of the world's largest rebar making units and the only producer of 50 mm width TMTs in India, Jindal Steel and Power Ltd [...]
New Delhi, Apr 28 (PTI) Startup B2B travel platform TravClan on Thursday said it has raised a total of USD 4.7 million (about Rs 36 crore). Earlier in July 2021, the company had raised USD 2.2 million from TheVentures and Leo Capital. The pre-Series A funding round was led by Hashed Emergent Fund and [...]
New Delhi, Apr 28 (PTI) Wipro GE Healthcare on Thursday said it has launched the next generation version of its Revolution Aspire CT (Computed Tomography) scanner in the country. The product is an advanced imaging solution designed and manufactured end-to-end in India, in line with the government's 'Aatmanirbhar Bharat' initiative. The upgraded CT system is [...]
New Delhi, Apr 28 (PTI) Real Estate Regulatory Authority of Delhi on Thursday said all housing and commercial projects being developed on more than 500 square metres of land will require compulsory registration with the state regulator. In a public notice, Delhi RERA (Real Estate Regulatory Authority) clarified that those projects where the number of [...]
New Delhi, Apr 28 (PTI) German luxury carmaker BMW will launch its all-electric sedan, i4, in India next month, continuing its electric vehicle offensive in the country, a senior company official said on Thursday. The company, which had in November last year announced plans to launch three electric vehicles in six months in India to [...]
New Delhi, Apr 28 (PTI) With a number of global tech giants facing CCI probe for alleged anti-competitive practices, a key Parliamentary panel on Thursday decided to summon representatives of Google, Amazon, Facebook, Twitter and others to examine their competitive behaviour. The next meeting of the panel on the issue is likely to be held [...]
